It's official: Year-end results now trickling in prove 2008
to be the worst ever for hedge funds. And yet, in a year when
long/short U.S. equity funds lost 14.4% and less than one-third
of the U.S. strategies tracked by HedgeFund Intelligence were
in the black, several funds stand out for remarkable gains.
John Paulson's Paulson & Co. reported positive results
across its strategies....